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Do you want more Traffic?Tue, 27 Feb 2018 06:23:14 +0000en-UShourly1https://wordpress.org/?v=4.9.1Facebook unveils new initiatives to connect more peoplehttp://www.muzamilfarooq.com/blogs/facebook-unveils-new-initiatives-connect-people/
http://www.muzamilfarooq.com/blogs/facebook-unveils-new-initiatives-connect-people/#respondTue, 27 Feb 2018 06:21:37 +0000http://www.muzamilfarooq.com/?p=193Facebook announced that Terragraph will be deployed for field trials in two locations serving customer traffic. In order to bring more people online, Facebook has unveiled new initiatives to upgrade existing networks for the future,…

]]>Facebook announced that Terragraph will be deployed for field trials in two locations serving customer traffic.

In order to bring more people online, Facebook has unveiled new initiatives to upgrade existing networks for the future, build new networks in under-connected regions and leverage new technologies. The initiatives, announced at the Mobile World Congress (MWC) here, include partnerships to support Terragraph — a millimeter-wave, multi-node wireless backhaul system optimised to bring high-speed internet connectivity to dense urban areas. Facebook announced that Terragraph will be deployed for field trials in two locations serving customer traffic. “We also are announcing new partner trials for OpenCellular, a low-power base station optimised for rural and traditionally underdeveloped regions of the world,” Jay Parikh, head of infrastructure and engineering at Facebook, wrote in a blog post on Tuesday. In addition, the Telecom Infra Project (TIP) — launched two years ago by Facebook and a number of industry partners to collaborate on new technologies to accelerate the pace of innovation in network infrastructure and to bring more people online — has grown to more than 500 companies and also is announcing new progress from project groups. “Facebook remains committed to working closely with the telecommunications ecosystem to help connect the 3.8 billion people who are not yet online and improve the experiences of those already connected,” Parikh said. Facebook and Telefonica announced the completion of initial deployments of high-speed mobile internet to tens of thousands of Peruvians across the highlands and in the Amazonian Rainforest. “We are announcing a joint trial with BT, Nokia and Cavium to demonstrate interoperability between the OpenCellular platform and the Nokia community hosted network, enabling cloud-based remote auto-connection, configuration and monitoring of the Open Cellular base station,” Parikh noted.

]]>http://www.muzamilfarooq.com/blogs/facebook-unveils-new-initiatives-connect-people/feed/0Has the Scarcity Mindset Taken Over Your Life?http://www.muzamilfarooq.com/blogs/mindset-taken-life/
http://www.muzamilfarooq.com/blogs/mindset-taken-life/#respondSat, 17 Feb 2018 14:39:38 +0000http://www.muzamilfarooq.com/?p=186When we think about the idea of scarcity, we often think of physical scarcity. We don’t have enough food to eat. We don’t have enough money to buy the things we want. We don’t have…

]]>When we think about the idea of scarcity, we often think of physical scarcity.

We don’t have enough food to eat. We don’t have enough money to buy the things we want. We don’t have enough natural resources to support our energy consumption.

But scarcity can also be emotional.

We don’t have enough love in our lives. We don’t have enough friends who really care about us. We don’t have enough people who understand us.

If you’ve picked up the theme of “not enough” in both physical and emotional scarcity, you’ve hit the core of scarcity. When we perceive that there are limited resources, we feel a sense of lack and urgency.

And this sense of lack and urgency isn’t always a bad thing! A sense of scarcity of time can drive us to shape our lives in a meaningful way before our ultimate demise. A sense of scarcity can help us value and prioritize people and actions in our lives because we lack infinite time.

In fact, if we had infinite time and resources, we’d become bored pretty quickly – just try playing a video game over and over again when you have infinite lives and resources. Without any challenge or limitation, it loses its fun within a couple of hours, if not sooner.

The problem with our human minds, however, is that we are bad judges of scarcity.

We tend to overestimate how scarce some things are because we have a “zero sum” mindset. If one person is successful, that means I am less successful. If my co-worker got a raise, that means I got slighted. If my partner is complimenting someone else, it means they don’t love me as much.

The reality (and the good news!) is that all of these intangible things (love, success, etc.) do not have fixed quantities. And even better, we actually have the power to increase the total amount of them in the universe.

When we operate from an abundance mindset, we give love, praise, and support freely because we believe that more exists in the universe. This practice becomes a self-fulfilling prophecy when the things that we give freely increase and result in more bounty for us and people in our lives.

What happens if we see someone be successful, and we’re in a scarcity mindset? We might be critical or judge them. We might try to minimize their success. We might make backhanded comments to them. We leave bitter and deflated.

But what if we see someone be successful, and we’re in an abundance mindset? We encourage them, compliment them, and seek to make them even more successful. What is the result? They compliment us back. They share some of their success with us. They connect us with people and resources that support our goals. We leave feeling elated and hopeful.

The scarcity and abundance mindsets are perfect examples of this idea.

If you think there are few opportunities around you and try to hoard all of the physical and emotional resources you encounter, you will continue to live in scarcity.

If you think that many resources exist in the world and that you can create more through your actions, you will live a life in which you experience abundance on a regular basis.

I don’t mean this in a “The Secret” sense that you will be successful just by “putting it out into the universe.” I mean that you can actively create a life that contains more happiness, love, money, freedom, and support by working to create more of those things in the world for other people.

I have constantly been surprised in my life by how opportunities arise when I stop trying to cling so tightly to what I have or want.

When I stopped trying so hard to get a girlfriend after years of searching, I got a wonderful one within a month. When I stopped stressing out about getting a job after months of worry and just focused on helping people, I got an amazing job within 3 months. When I stopped agonizing over every penny in my bank account, more wealth started to flow into my life from unexpected sources.

The best part about adopting an abundance mindset is that you start seeing opportunities where you previously saw none. Just by changing your mindset, you create more resources in your life!

If you’re feeling skeptical (as I definitely was prior to consciously choosing to feel abundance on a regular basis), try it out for a month. Donate 10% of your net income to a source that feeds your spirit. Donate 10% of your time (4 hours per week) by volunteering with a local organization or person who is doing good work in your community. I promise at the end of the month, you will have a new perspective on what is possible. And if at the end of the month you want to return to the way you have been living, then all you’ve “invested” is four weeks of doing some good in the world.

Although it can be difficult, it is totally possible to feel gratitude for the scarcity and the abundance, both real and imaginary, in our lives. And as we become more aware of the abundance around us, hopefully it will drive us to create more of it through our own actions every day.

How have you seen the scarcity and abundance mindsets at work in your life?

]]>http://www.muzamilfarooq.com/blogs/mindset-taken-life/feed/0Story of an egg seller: The bitter reality of our society.http://www.muzamilfarooq.com/blogs/bitter-reality-society/
http://www.muzamilfarooq.com/blogs/bitter-reality-society/#respondFri, 02 Feb 2018 04:22:23 +0000http://www.muzamilfarooq.com/?p=164She asked him, ‘How much are you selling the eggs for?’ The old seller replied, ‘Rs.5/- an egg, Madam.’ She said to him, ‘I will take 6 eggs for Rs.25/- or I will leave.’ The…

]]>She asked him, ‘How much are you selling the eggs for?’
The old seller replied, ‘Rs.5/- an egg, Madam.’
She said to him, ‘I will take 6 eggs for Rs.25/- or I will leave.’
The old seller replied, ‘Come take them at the price you want. May be, this is a good beginning because I have not been able to sell even a single egg today.’
She took the eggs and walked away feeling she has won. She got into her fancy car and went to a posh restaurant with her friend. There, she and her friend, ordered whatever they liked. They ate a little and left a lot of what they ordered. Then she went to pay the bill. The bill costed her Rs.1,400/-. She gave Rs. 1,500/- and asked the owner of the restaurant to keep the change.

This incident might have seemed quite normal to the owner but, very painful to the poor egg seller.

The point is,
Why do we always show we have the power when we buy from the needy ones? And why do we get generous to those who do not even need our generosity?

I once read read somewhere: Picture taken in Morocco by Purvi Thacker.

‘my father used to buy simple goods from poor people at high prices, even though he did not need them. Sometimes he even used to pay extra for them. I got concerned by this act and asked him why does he do so? Then my father replied, “It is a charity wrapped with dignity, my child”

]]>http://www.muzamilfarooq.com/blogs/bitter-reality-society/feed/0JioCoin: Reliance planning own cryptocurrency, Akash Ambani to lead projecthttp://www.muzamilfarooq.com/blogs/jiocoin-reliance-planning-cryptocurrency-akash-ambani-lead-project/
http://www.muzamilfarooq.com/blogs/jiocoin-reliance-planning-cryptocurrency-akash-ambani-lead-project/#respondMon, 22 Jan 2018 07:22:44 +0000http://www.muzamilfarooq.com/?p=159Reliance Jio is planning to create a cryptocurrency of its own called ‘JioCoin’, and will put together a young team of 50-odd professionals under Akash Ambani to kickstart the project, a Livemint report claims. The Ambani scion is reportedly interested in developing block-chain…

]]>Reliance Jio is planning to create a cryptocurrency of its own called ‘JioCoin’, and will put together a young team of 50-odd professionals under Akash Ambanito kickstart the project, a Livemint report claims. The Ambani scion is reportedly interested in developing block-chain technology to aid the development of smart contacts and cryptocurrency payment-enabled supply chains. Block-chain is a digital ledger that works as a book-keeper for cryptocurrencies.

Business Standard decodes the pros and cons of investing in bitcoins.

‘Jio’ a leap into Reliance’s future? Reliance Jio has disrupted India’s telecom sector in the past year-and-a-half by offering services at hyper-competitive prices, forcing other telcos to follow suit.Reliance Industries, the oil-to-telecom conglomerate that holds Jio is reportedly mulling an IPO in late 2018 or early 2019. The group has already pumped in $31 billion worth of investment in Jio. The Livemint report quoted a Jio official as saying that the company aspires to get into the Internet-of-things business and blockchain technology is supposed to help its foray.

IoT is technology that allows physical objects like wearable technology, smartphones, other electronic devices to be connected. From smart cities to driverless cars and smart factories, and smart homes the Internet of Things is supposed to enter every aspect of people’s lives.

Reliance celebrated forty years of its existence a couple of weeks back, where Mukesh Ambani’s children- Aakash, Isha, Anant were projected as the petrochemical behemoth’s next-generation leaders. Mukesh Ambani earlier said that group would take big leaps in the digital services sector. The Reliance group has changed its core business quite a few times over the decades- from dealing in spices to exporting textiles, to becoming a petrochemical behemoth and now disrupting the telecom sector. Regulatory hurdles? However, it would be interesting to see how the country’s financial mandarins warm up to the idea.In December last year, the Reserve Bank of India had cautioned “users, holders and traders” of Bitcoins about the security-related risks associated with dealing in such virtual currencies, as reported by Business Standard. “In the wake of a significant spurt in the valuation of many VCs and rapid growth in Initial Coin Offerings (ICOs), RBI reiterates the concerns,” the central bank said in a statement.Last year, The Income Tax Department had conducted survey operations at major Bitcoin exchanges across the country on suspicion of alleged tax evasion, as reported earlier by the Business Standard.The chairman of India’s capital markets regulator, Ajay Tyagi, had earlier said that the Sebi, the RBI and the government were locked in a huddle to determine the legal oversight for cryptocurrencies such as bitcoin.

]]>http://www.muzamilfarooq.com/blogs/jiocoin-reliance-planning-cryptocurrency-akash-ambani-lead-project/feed/0Zero Crimes Are Committed Against Foreigners in Kashmir : NCRBhttp://www.muzamilfarooq.com/blogs/zero-crimes-committed-foreigners-kashmir/
http://www.muzamilfarooq.com/blogs/zero-crimes-committed-foreigners-kashmir/#respondMon, 22 Jan 2018 06:43:13 +0000http://www.muzamilfarooq.com/?p=156According to the National Crime Records Bureau (NCRB) which released their annual data for all crimes documented in 2016, state of Jammu & Kashmir recorded no crime against foreigners in 2016 & 2015. As per…

]]>According to the National Crime Records Bureau (NCRB) which released their annual data for all crimes documented in 2016, state of Jammu & Kashmir recorded no crime against foreigners in 2016 & 2015.

As per the report, 382 crimes were committed against foreigners in India out of which 154 were committed in Delhi itself and overall the crimes against foreigners have increased in India. In the year 2016, 12 foreigners were murdered, 19 raped, 19 robbed and 38 foreign women were assaulted in India.

]]>http://www.muzamilfarooq.com/blogs/zero-crimes-committed-foreigners-kashmir/feed/0Edward Snowden: A Privacy Activist with Epilepsyhttp://www.muzamilfarooq.com/blogs/edward-snowden/
http://www.muzamilfarooq.com/blogs/edward-snowden/#respondFri, 05 Jan 2018 19:04:14 +0000http://www.muzamilfarooq.com/?p=140Did you get a chance to see the 2016 Joseph Gordon-Levitt starrer biopic, Snowden? The movie will tell you about Snowden as a privacy activist and the controversy of him being a traitor, vs. him being…

]]>Did you get a chance to see the 2016 Joseph Gordon-Levitt starrer biopic, Snowden? The movie will tell you about Snowden as a privacy activist and the controversy of him being a traitor, vs. him being a hero. But then, the internet can easily provide you with this piece of information. However, what the movie and a little research will tell you, is that Edward Snowden also had Epilepsy. Here’s something about the exiled whistleblower.

“If I could go anywhere in the world, that place would be home.”

– Edward Snowden

Who is Snowden?

Edward is a 34-year-old former CIA employee, currently living in exile in Russia. He is the first contractor for the United States government who copied and leaked top secret information from the National Security Agency (NSA). This alleged espionage was about NSA’s surveillance activities, making headlines in 2013.

Edward Joseph Snowden was born on June 21, 1983, in Elizabeth City, North Carolina. He is an American computer expert and a privacy activist. Snowden was a high school drop out. He studied computers at Anne Arundel Community College in Arnold, Maryland (from 1999-2001, and again from 2004-2005). Between his jobs at the community college, Snowden spent four months in special-forces training in the Army Reserves but, he never completed it.

Career

Snowden started out by working as a security guard for an institute affiliated with the NSA. Later, his computer programming skills and talent had him hired by the CIA. He began noticing government programs involving the NSA, spying on millions of Americans via phone calls and internet usage. He then began leaking information about the NSA, using an anonymous identity.

Source: The Washington Post

At the time of his departure from the US, Snowden worked as a Booz Allen Hamilton Systems Analyst, doing contract work for the NSA. The records which he mentioned revealed the secrets of NSA programs. He continued to use his skills to collect and store personal communications both within the US and abroad.

An experience with Epilepsy

Edward was diagnosed with Epilepsy when he was 23. Snowden told his NSA supervisor that he needed a leave of absence for his treatment. Instead, after compiling a large number of documents, Snowden left Hawaii for Hong Kong.

Statistical data

65 Million: Number of people around the world who have Epilepsy.

– 1 in 26 people in the United States will develop it at some point in their life.

– One-third: Number of people with Epilepsy who live with uncontrollable seizures because no available treatment works for them.

– 6 out of 10: Number of people with Epilepsy where the cause is unknown.

– 3 Million: Number of people in the US who have Epilepsy.

Conclusion

Even though Edward Snowden suffered from Epilepsy, yet, he never discontinued his work. A person diagnosed with Epilepsy certainly does not have anything wrong with them, physically or mentally. However, the society we live in makes one feel so. It is the seizures that can cause brain damage. Otherwise, Epilepsy in no way disables a person. We all pay attention to the scandals and stories surrounding a person as famous as Snowden. However, rarely do we consider the other aspects of their lives. Yes, all of us are fighting our own inner battles.

People with Epilepsy CAN handle jobs with responsibility and stress. People with seizure disorders are found in all walks of life : Epilepsy Foundation

Despite his Epilepsy, Snowden has continued his work as a computer privacy activist. Anybody can develop a disorder or disease at any point in their lives. But, we can determine how it affects our work. So, if you encounter any anomalous symptom in yourself or anyone around you, do not hesitate to seek help. Don’t let a differently-abled body or mind turn into a dis-abled one.

]]>http://www.muzamilfarooq.com/blogs/edward-snowden/feed/0Governments’ use of private details leads to abuse: Edward Snowden on Aadhaar leakhttp://www.muzamilfarooq.com/blogs/aadhaar-leak/
http://www.muzamilfarooq.com/blogs/aadhaar-leak/#respondFri, 05 Jan 2018 18:35:47 +0000http://www.muzamilfarooq.com/?p=137His tweet comes a day after the Unique Identification Authority of India (UIDAI) said there was no breach in the Aadhaar database. American whistleblower Edward Snowden today took to Twitter to hint that Aadhar…

]]>His tweet comes a day after the Unique Identification Authority of India (UIDAI) said there was no breach in the Aadhaar database.

American whistleblower Edward Snowden today took to Twitter to hint that Aadhar can be misused and abused by the Indian Government.

Snowden retweeted CBS journalist Zack Whittaker’s response to a BuzzFeed report on the breach of Aadhaar database in India.

He said, “It is the natural tendency of government to desire perfect records of private lives. History shows that no matter the laws, the result is abuse.”

His tweet comes a day after the Unique Identification Authority of India (UIDAI) said there was no breach in the Aadhaar database.

Whittaker had earlier said, “ICYMI. India has a national ID database with the private information of nearly 1.2 billion nationals. It’s reportedly been breached. Admin accounts can be made and access can be sold to the database, reports BuzzFeed.”

The UIDAI on Thursday said the Aadhaar data including biometric information is fully safe and secure.

“There has not been any Aadhaar data breach. The Aadhaar data including biometric information is fully safe and secure,” the UIDAI said in a statement.

This development has come at a time when the Supreme Court is set to begin the final hearing of petitions challenging the legality of Aadhaar programme based on privacy concerns on January 17.

In August 2017, the Supreme Court held that privacy is a fundamental right under the Constitution of India.

Personal details of several Aadhaar users were made public on over 200 central and state government websites till now, PTI reported on Sunday, citing a Right to Information response by the authority that issues the biometric identification.

The data was removed from those websites after the breach was noticed, the Unique Identification Authority of India said in the RTI reply. However, the time frame of the data breach was not clear.

Though the UIDAI has never made such details public, 210 government websites, including those of educational institutes, were found to have displayed “the list of beneficiaries along with their name, address, other details and Aadhaar numbers for information of general public”, the authority said.

“UIDAI has a well-designed, multi-layer robust security system in place and the same is being constantly upgraded to maintain highest level of data security and integrity,” the RTI reply said.

Security audits are conducted regularly to strengthen security and privacy of data, the authority added.

]]>http://www.muzamilfarooq.com/blogs/aadhaar-leak/feed/0List of mobile that would stop supporting WhatsApp by the end of this year.http://www.muzamilfarooq.com/blogs/whatsapp-stop-working-platforms-december-31-heres-list/
http://www.muzamilfarooq.com/blogs/whatsapp-stop-working-platforms-december-31-heres-list/#commentsWed, 27 Dec 2017 08:58:06 +0000http://www.muzamilfarooq.com/?p=129Facebook-owned messaging app WhatsApp will stop support for a number of platforms after December 31, 2017. The messaging app will drop support for ‘BlackBerry OS’, ‘BlackBerry 10’, ‘Windows Phone 8.0’ and older platforms from December…

]]>Facebook-owned messaging app WhatsApp will stop support for a number of platforms after December 31, 2017. The messaging app will drop support for ‘BlackBerry OS’, ‘BlackBerry 10’, ‘Windows Phone 8.0’ and older platforms from December 31, 2017, if one goes by the company’s blog post. WhatsApp says users on these particular platforms will not be able to create new accounts, nor re-verify existing accounts once the company ends support.

WhatsApp had earlier announced it will stop support for many of these older platforms. End of support does not mean a user will lose access to their WhatsApp account. WhatsApp says users can continue using the app on their phone, but should not expect any future security updates or new features.

While Windows 8 will get axed once 2018 starts, WhatsApp will continue support for Windows 8.1 version and higher devices, even though Microsoft itself has admitted that Windows Mobile is dead. In BlackBerry’s case, the company has itself confirmed it will no longer be manufacturing or launching new smartphones, and the BlackBerry 10 and BlackBerry OS have been abandoned. Instead, new BlackBerry-branded phones are now manufactured by China-based TCL and powered by Android OS. So WhatsApp ending support for the BlackBerry platform is not surprising.

“We will no longer actively develop for these platforms, some features may stop functioning at any time,” WhatsApp said. “These platforms don’t offer the kind of capabilities we need to expand our app’s features in the future. If you use one of these affected mobile devices, we recommend upgrading to a newer OS version, or to a newer Android running OS 4.0+, iPhone running iOS 7+, or Windows Phone 8.1+ so that you can continue using WhatsApp,” the company added.

WhatsApp said that it will end support for the ‘Nokia S40’ after December 2018. Also, the app will end support for Android OS version 2.3.7 and older, after February 1, 2020. WhatsApp earlier ended support for Android versions older than 2.3.3, Windows Phone 7, iPhone 3GS or any iOS 6 device and Nokia Symbian S60.

These are the mobile OS that would stop supporting WhatsApp by the end of this year:

]]>http://www.muzamilfarooq.com/blogs/whatsapp-stop-working-platforms-december-31-heres-list/feed/1Facebook’s 2017 Year in Reviewhttp://www.muzamilfarooq.com/blogs/facebooks-2017-year-review/
http://www.muzamilfarooq.com/blogs/facebooks-2017-year-review/#respondFri, 22 Dec 2017 09:34:29 +0000http://www.muzamilfarooq.com/?p=122As the year’s end draws closer, it’s good to take a moment to reflect on the events of the past twelve months, both personally and professionally. The major social platforms are doing the same –…

]]>As the year’s end draws closer, it’s good to take a moment to reflect on the events of the past twelve months, both personally and professionally. The major social platforms are doing the same – so far, we’ve already seen Year in Review reports from Instagram and Twitter, and now Facebook too has released it’s listing of major network trends.

Facebook’s report looks at the major events that saw the most mentions across the network, including International Women’s Day, The Super Bowl and how the Facebook community connected during natural disasters across the globe.

]]>http://www.muzamilfarooq.com/blogs/facebooks-2017-year-review/feed/0If Bitcoin will crash, what will happen next?http://www.muzamilfarooq.com/blogs/bitcoin-will-crash-will-happen-next/
http://www.muzamilfarooq.com/blogs/bitcoin-will-crash-will-happen-next/#respondThu, 21 Dec 2017 12:01:12 +0000http://www.muzamilfarooq.com/?p=114Bitcoin looks like it’s heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to regulate the cryptocurrency. The way media and experts are nearly universally labeling bitcoin’s…

]]>Bitcoin looks like it’s heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to regulate the cryptocurrency.

The way media and experts are nearly universally labeling bitcoin’s vertiginous price surge a “bubble” is just another bizarre episode in the cryptocurrency’s odd saga. Generally, bubbles are not called as they happen. Like financial Rumpelstiltskins, the moment you dare speak their name, they either have already burst or are very close to doing so.

“Bubbles usually get identified in retrospect,” says William Derringer, an MIT historian who has extensively researched financial bubbles. “If we knew with absolute certainty that Bitcoin’s was a bubble, it would have already popped.”

Apart from the popping part, though, bitcoin’s hike ticks almost all the boxes on the bubble checklist. Like bitcoin’s surge, Deringer explains, most bubbles erupt off the back of novel technologies (think of the dot.com bubble in the noughties), often coupled with some form of financial innovation; bubbles also swell as a result of constant media coverage, which causes more and more FOMO-riddled investors to join the craze; and, of course, you have a bubble when speculation drives an asset’s price tremendously above its fundamental value (that’s tricky with bitcoin, as we can’t tell what the fundamental value of a string of cryptographic code is.)

Investors don’t seem to care about the red flags. Bitcoin’s price has soared from January 2017’s $800 to today’s $17,000, with plenty of ups and downs on the way. The debut of bitcoin futures on two major exchanges – initially expected to bring down Bitcoin’s price by allowing investors to short it, i.e. bet against it – has ended up giving the cryptocurrency more legitimacy among retail investors, further boosting its price.

All the same, it’s worth wondering what could happen if bitcoin crashed. If, in other words, bitcoin’s price really was in a bubble, and the bubble popped – whatever the reason (hack, state crack-down, market manipulation). How bad would that be? And how would it play out?

Some think that, as things stand, the harm would be limited. While investors are increasing by the day, most of bitcoin’s estimated $366.8 billion market value is held by a handful of super-rich, ranging from early adopters, to Silicon Valley bigshots and coin barons running cryptocurrency mining operations.

“Most of bitcoin’s value is held by a few thousand very, very wealthy people who would simply become a bit less wealthy. I would expect no meaningful general impact.” says Ari Paul, an analyst and chief information officer for cryptocurrrency investment firm BlockTower Capital.

But some collateral damage would be inevitable. A sudden fall in bitcoin’s price may put pressure on exchanges – companies converting Bitcoin to state-sponsored currency like dollars or pounds – with hordes of coin-owners trying to cash out of their bitcoins before a further slump in value. This reverse stampede, compounded by many exchanges’ notorious lack of liquidity, might leave more than a few casualties on the field.

“It will be like 2000, when the tech bubble popped,” says Garrick Hileman, who researches monetary systems at the University of Cambridge. “The largest and strongest players, the Amazons of the crypto world, will consolidate and propel themselves further ahead. But a lot of bitcoin companies – exchanges, wallet companies, etcetera – will go out of business.”

Some of them could make a last-ditch attempt to pivot. Remember 2014, when, after the collapse of Japanese Bitcoin exchange Mt Gox, people forgot about disgraced bitcoin and started waxing lyrical about the blockchain? “The cycle could repeat itself,” says Hileman.

There may be contagion. Cryptocurrencies such as Ethereum, Litecoin and Monero that have rocketed throughout the current surge could wind up being tarred with the same bitcoin brush and fall in value. According to Hileman, companies making hardware to mine bitcoin and other cryptocurrencies are similarly bound to get a drubbing in a post-pop scenario. “Nvidia, Intel and other chip-makers are definitely exposed,” he says.

Hileman and Paul concur (together with several other economists) that a grave, 2008-style crash is a far-fetched possibility. Past systemic crises were fuelled by people getting in debt to fund their investment. “To have a major financial bubble you’ll need a lot of lending and credit to build up,” Hileman says – and he does not think bitcoin has witnessed that just yet.

But that may already be changing. Cryptocurrency entrepreneurs have already started speaking at industry conferences about the necessity for “leverage” , “lending” and “credit.” Just days ago, the FT revealed that Japanese crypto-exchange bitFlyer let investors borrow 15 times their cash deposit to buy bitcoin. And let’s not even mention the anecdotes about people remortgaging their houses to buy a slice of the bitcoin cake. A bigger, lending-driven, bubble might affect more than a couple crypto-millionaires’ wallets.

Whatever its severity, a bubble-pop would have at least one consequence: more regulation. As an increasing number of people – and even institutional Wall Street investors – join in the bitcoin mania, financial authorities worldwide will adopt a more interventionist stance. In fact, this is already happening: South Korea held a meeting on bitcoin two weeks ago and this week France’s minister of finance demanded that the G20 discussed stricter bitcoin regulation. A bitcoin crash would only precipitate what is underway, explains Brent Goldfarb, an associate professor of management at the University of Maryland.

“It would create regulatory pressure on the currency,” he says. There would be an upswing in complaints and political pressure to do something about [bitcoin]. That’s what created the US Securities and Exchange Commission, which was established after the crash of 1929.”

Granted: enforcing regulation on a digital currency designed to be borderless, stateless, and anonymous would certainly prove tough. One obvious thing for governments to do would impose stricter rules on cryptocurrency exchanges in a bid to avoid the excesses we are witnessing right now. Will that work? Probably not for hardcore bitcoiners. But, Goldfarb thinks, retail investors of the get-rich-quick type would steer clear, at least initially.

Bitcoin itself may go back where it was born, among libertarians, crypto-enthusiasts, and darknet spelunkers. Or might be dethroned by another cryptocurrency, one less tainted by bubbly memories, and end up in digital purgatory. But it will not die. Just think of tulips, the unwitting protagonists of a speculative bubble in 17th century Netherlands. “Tulips didn’t disappear after the mania ended,” Goldfarb says. “They are a key part of Dutch economy even today.”